Global Production of Printed Textiles is Projected to Reach 29.8 billion Square Meters by 2020

Advances in Digital Printing Technology to Boost Growth in the Global Textile Printing Market, According to New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, market size and demand forecasts on the global Textile Printing market. Global production of Printed Textiles is projected to reach 29.8 billion square meters by 2020, driven by technology developments aimed at improving print speeds, design, and efficiency.

Textile printing is an important process in textile design, given its role in embellishing and contributing to the style of the garment. In sync with rapid changes in fashion, the textile industry is making a steady shift towards prints rather than dyed fabric. The market for textile printing is closely linked to consumer demand for apparel/clothing, home furnishings and automotive decor. Steady population growth, increasing purchasing capability, and rapidly changing fashion trends are among the key factors driving growth in the textile printing market. The steady shift towards digital textile printing driven by the technology’s ability to accelerate production speeds, and reduce coloration costs, is additionally helping drive growth in the market. Technology advancements and innovations associated with inks and consumables, printheads, and printing machinery remain vital to market growth.

Screen Printing represents the largest market sector by type of technology. Though facing stiff competition from the rapid adoption of digital technology, conventional screen printing continues to hold a major share of the global textile printing market, in terms of production volume of printed textiles. Growth in the coming years will be driven largely by the digital textile printing market. Development of high-quality inkjet print heads, availability of open system inkjet print heads that enable use of inks from multiple suppliers, and launch of lower priced solutions are expected to accelerate the adoption of digital printing technology. Continuous rise in production activity across Europe, as local textile manufacturers’ focus on re-shoring manufacturing activities hitherto outsourced to low-cost developing markets, bodes well for future growth.  Digital printing technology is also positioned to benefit immensely from the success of fast fashion, which requires manufacturers to reduce time to market in order to capitalize on the short-lived window of opportunity offered by fast changing fashion fads.

As stated by the new market research report on Textile Printing, Asia-Pacific represents the largest and the fastest growing market with a CAGR of 4.4% over the analysis period. The textile industry’s shift towards low-cost production destinations in developing markets have contributed to the region’s emergence as a powerhouse in textile production. In the coming years, market growth will be chiefly driven by growing population and steady economic growth in countries such as India and China.

Key players covered in the report include Agfa Graphics, Brother Industries Ltd., Dickson Coatings, Fisher Textiles Inc., Glen Raven Inc., Hollanders Printing Systems, Huntsman Corporation, Jaysynth Dyestuff (India) Limited, Konica Minolta Inc., Kornit Digital Ltd., Mehler Texnologies GmbH, Mimaki Engineering Co. Ltd., Mutoh Industries Ltd., Reggiani Macchine Spa, Roland DG Corporation, Seiko I Infotech Inc., SPGPrints B.V., and Xennia Technology Ltd., among others.

The research report titled “Textile Printing: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Turkey, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), Rest of World. Global and major regional markets are analyzed by Technology segments including Digital Printing and Screen Printing. Global textile printing market is additionally analyzed by fabric type – Apparel, Interior/Furnishings, and Industrial/Technical Textiles.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more